Will Uk House Prices Fall In 2024. Consultancy capital economics forecasts house prices will probably fall 1.5 per cent in 2024, and that mortgage rates will sit just below 5 per cent for most of the year. Average house prices in the uk increased by 2.2% (provisional estimate) in the 12 months to may 2024, up from an increase of 1.3% (revised estimate) in the 12.
Uk house prices are expected to fall in 2024, according to analysts and lenders, while the cost of renting a home will continue to rise. At the start of 2024, lenders and estate agents expected a fairly bleak year for house prices.